It says the idlings will result in $300 million a year in savings without impacting flat-rolled steel output. It says the ...

Chief Executive Lourenco Goncalves said the steelmaker will make a higher volume commitment with its automotive customers.

The indefinite idling of these facilities is not due to steel tariffs,” a company spokesperson said in a statement.

Cleveland-Cliffs reported a larger than expected Q1 adjusted loss and an 11% Y/Y decline in revenues to $4.63B, and announced ...

The Cleveland-based company said it had a loss of $1 per share. Losses, adjusted for non-recurring costs, came to 92 cents per share. The results missed Wall Street expectations. The average estimate ...

Ohio-based steel producer reportedly will idle an EAF melt shop in Pennsylvania and a basic oxygen furnace complex in ...

Cleveland Cliffs said the idling of the steel plant and the elimination of more than 500 high-paying jobs have nothing to do with tariffs, but some people disagree. State Representative Nate ...

Steelmaker Cleveland-Cliffs Inc. (NYSE: CLF) says it will indefinitely idle three steel plants — two in Pennsylvania and one in Illinois — this summer. The idles "are a necessary response to ...